Artificial intelligence giant Anthropic has reported a 45% revenue surge to $16.8bn in the third quarter, setting the stage for a planned stock market listing.

The revelation came during a briefing for investors, as Anthropic aims to capitalize on the AI boom despite tech stocks broadly declining over concerns about AI infrastructure spending.

While rival OpenAI has also reported strong growth, the surge highlights the rapid expansion of the AI industry. However, concerns over the safety and sustainability of AI development continue to simmer.

Despite these challenges, Anthropic's CEO Dario Amodei has called for a slower pace of development, reflecting a growing awareness of the risks associated with the rapid advancement of AI technology.

As the tech landscape shifts, Anthropic's ambitious plans could reshape the AI sector, but the road ahead remains uncertain, with broader economic concerns looming large.